• Source:JND
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Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday, dragged by selling in blue-chip HDFC Bank and fresh foreign fund outflows. Besides, mixed cues from global markets failed to provide any direction to the domestic bourses.

The 30-share BSE Sensex was down 134.27 points or 0.17 per cent at 79,514.65, while the broader NSE Nifty declined 38.65 points or 0.16 per cent to 24,308.35.

Tata Motors, Power Grid, HDFC Bank, Bajaj Finance, Asian Paints, and Hindustan Unilever were the major laggards among the 30 Sensex stocks. Sun Pharma, Tata Consultancy Services, Bharti Airtel, and Axis Bank were the gainers.

After a sharp decline during the intra-day trade on Monday, nine out of ten Adani group firms rebounded in early trade. Seoul and Shanghai were trading lower in Asian markets, while Tokyo and Hong Kong were in the positive territory.

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US markets ended on a mixed note on Monday. Foreign institutional investors turned sellers again on Monday as they offloaded equity worth Rs 4,680.51 crore after taking a breather for a day, exchange data showed.

Retail inflation fell to a five-year low of 3.54 per cent in July mainly due to falling food prices and base effects, official data released on Monday showed.

It is positive that CPI inflation fell to 3.54 per cent in July, he added. India’s industrial output fell to a five-month low of 4.2 per cent in June 2024, mainly due to poor performance in manufacturing, though power and mining continued to perform well, official data released on Monday showed.

Brent crude, the global benchmark, fell 0.90 per cent to USD 81.56 a barrel. The BSE benchmark had ended 56.99 points or 0.07 per cent lower at 79,648.92 on Monday. The Nifty had lost 20.50 points or 0.08 per cent to 24,347.

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(With PTI's Input)